Dane Capital Management is bullish on Yatra Online Inc (NASDAQ:YTRA), a $248.78-million market cap consumer travel platform and online travel agent in India. In its Q4 investor letter, Dane Capital discussed its short thesis on YTRA. The fund believes that the Indian travel service provider has ‘excellent fundamentals’ and the company’s stock could deliver big gains in the coming months. In this article, we’ll take a look at Dane Capital’s comments on Yatra Online, and will discuss the company’s recent performance.
Here is what Dane Capital thinks about Yatra Online:
Yatra is the second largest OTA in India, the fastest growing large economy in the world. We believe the opportunity for the company is vast, and despite guidance of 35-40% annual revenue growth, we suspect that as personal incomes rise, the Indian travel market will get off the bottom of the “S-curve” and growth could accelerate dramatically.
In the short-term, we believe business is good, but the stock has acted poorly for several months. We believe this is almost solely due to a large seller. Filings indicate that Norwest Ventures, which held shares for 10 years, and probably was past its vintage, no longer holds any shares. We believe they distributed the shares to their LP, and suspect that they have been bleeding shares in recent months.
We suspect that when the selling dries up, the stock will stage a strong recovery based on excellent fundamentals and the company continuing to operate to plan. We believe this story is in its early stages and we will be rewarded for our patience.
Yatra Online Inc (NASDAQ:YTRA) is the second-largest online travel company in India. The company owns and operates Yatra.com and other associated platforms for leisure and business travelers. It provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. Yatra Online provides real-time bookings for more than 70,000 hotels in India and over 800,000 hotels around the world.
For three months ended December 31, Yatra Online reported a 40.8% year-over-year (YOY) increase in revenue to INR 3.4 billion. Net income for the quarter was INR 232.3 million. The company reported that standalone hotel room nights booked during the quarter was 0.5 million, up 37.8% YOY. Revenue less service cost from air ticketing rose to INR 1.4 billion, up 46% YOY. Gross air passengers booked were 2.3 million, representing YOY growth of 31.0%. Total gross bookings – air ticketing and hotels and packages – were INR 23.9 billion, representing a YOY growth of 44.8%.
Meanwhile, shares of Yatra Online Inc (NASDAQ:YTRA) are down nearly 4% so far this year. Over the last 12 months, the stock has dropped more than 22%. However, shares moved up nearly 8% over the last five trading days. YTRA received an average rating of Buy and an average price target of $14.17 from the analysts polled by FactSet. On Friday, the stock was closed at $7.20.
Besides Dane Capital Management, there are some investors that also see a value in Yatra Online. Among the hedge funds covered by Insider Monkey, six funds were holding positions in the company as of the end of September 2017.
When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.
Do the math. According to Musk, this technology could be worth $250 trillion by 2040.
Put another way, that’s roughly equal to:
175 Teslas
107 Amazons
140 Metas
84 Googles
65 Microsofts
And 55 Nvidias
And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.
It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.
Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.
How could anything be worth that much?
The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.
And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.
What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.
In fact, Verge argues this company’s supercheap AI technology should concern rivals.
Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.
Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.
When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.
Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…
But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.
And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…
This prediction might not be bold at all:
A few years from now, you’ll wish you’d owned this stock.
The best part? You can discover everything about this company and its groundbreaking technology right now.
I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.
Trust me — you’ll want to read this report before putting another dollar into any tech stock.
For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!
Here’s why this is a deal you can’t afford to pass up:
• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.
• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
• Bonus Reports: Premium access to members-only fund manager video interviews
• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.
If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.
Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.
Here’s what to do next:
1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.
2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.
Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!
